--- title: Multifamily Lenders in Sioux Falls, SD-MN by Size: 39 Lenders url: https://lender.report/multifamily-lenders/sioux-falls-sd-mn/ license: https://lender.report/license/ --- Multifamily ยท SD # Multifamily lenders in Sioux Falls, SD-MN, by loan size 39 lenders made multifamily loans in the Sioux Falls, SD-MN metro area in 2024 and 2025. 24 made a loan under $1M, 19 made one of $5M or more, and 8 made only loans of $5M or more. **Evidence** Multifamily loans placed in the Sioux Falls, SD-MN metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 39 HMDA, 2025 **Loans under $1M** 109 HMDA, 2025 24 lenders **Loans $1M to $5M** 34 HMDA, 2025 19 lenders **Loans $5M or more** 27 HMDA, 2025 19 lenders Cite this Source: The Lender Report, Multifamily lenders in Sioux Falls, SD-MN, by loan size, https://lender.report/multifamily-lenders/sioux-falls-sd-mn/, data as of December 31, 2025. ## Describe a deal in Sioux Falls, SD-MN See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show multifamily loans in Sioux Falls, SD-MN](https://lender.report/comps/?lane=multifamily&metro=43620)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Under $1M | $1M to $2.5M | $2.5M to $5M | $5M to $10M | $10M or more | Refinances | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [Reliabank Dakota](https://lender.report/lender/reliabank-dakota-sd/) [multifamily record](https://lender.report/lender/reliabank-dakota-sd/multifamily/) | Bank | Estelline, SD | 51 | 48 | 1 | 2 | 0 | 0 | 14 | | [First Dakota National Bank](https://lender.report/lender/first-dakota-national-bank-sd/) [multifamily record](https://lender.report/lender/first-dakota-national-bank-sd/multifamily/) | Bank | Yankton, SD | 12 | 8 | 1 | 2 | 1 | 0 | 2 | | [Security National Bank of South Dakota](https://lender.report/lender/security-national-bank-of-south-dakota-sd/) [multifamily record](https://lender.report/lender/security-national-bank-of-south-dakota-sd/multifamily/) | Bank | Dakota Dunes, SD | 8 | 3 | 2 | 0 | 2 | 1 | 6 | | [First Interstate Bank](https://lender.report/lender/first-interstate-bank-mt/) [multifamily record](https://lender.report/lender/first-interstate-bank-mt/multifamily/) | Bank | Billings, MT | 8 | 7 | 0 | 0 | 0 | 1 | 2 | | [CorTrust Bank National Association](https://lender.report/lender/cortrust-bank-sd/) [multifamily record](https://lender.report/lender/cortrust-bank-sd/multifamily/) | Bank | Mitchell, SD | 8 | 5 | 2 | 1 | 0 | 0 | 5 | | [Cornerstone Bank](https://lender.report/lender/cornerstone-bank-nd/) [multifamily record](https://lender.report/lender/cornerstone-bank-nd/multifamily/) | Bank | Fargo, ND | 7 | 2 | 1 | 0 | 3 | 1 | 2 | | [American State Bank](https://lender.report/lender/american-state-bank-ia-sioux-center/) [multifamily record](https://lender.report/lender/american-state-bank-ia-sioux-center/multifamily/) | Bank | Sioux Center, IA | 7 | 5 | 1 | 0 | 0 | 1 | 2 | | [The First National Bank in Sioux Falls](https://lender.report/lender/first-national-bank-in-sioux-falls-sd/) [multifamily record](https://lender.report/lender/first-national-bank-in-sioux-falls-sd/multifamily/) | Bank | Sioux Falls, SD | 7 | 4 | 1 | 2 | 0 | 0 | 4 | | [First PREMIER Bank](https://lender.report/lender/first-premier-bank-sd/) [multifamily record](https://lender.report/lender/first-premier-bank-sd/multifamily/) | Bank | Sioux Falls, SD | 6 | 2 | 3 | 1 | 0 | 0 | 2 | | [BankWest, Inc.](https://lender.report/lender/bankwest-sd/) [multifamily record](https://lender.report/lender/bankwest-sd/multifamily/) | Bank | Pierre, SD | 4 | 1 | 1 | 0 | 1 | 1 | 0 | | [Quoin Financial Bank](https://lender.report/lender/quoin-financial-bank-sd/) [multifamily record](https://lender.report/lender/quoin-financial-bank-sd/multifamily/) | Bank | Miller, SD | 4 | 1 | 2 | 0 | 1 | 0 | 3 | | [Liberty National Bank](https://lender.report/lender/liberty-national-bank-ia/) [multifamily record](https://lender.report/lender/liberty-national-bank-ia/multifamily/) | Bank | Sioux City, IA | 4 | 3 | 1 | 0 | 0 | 0 | 2 | | [Frontier Bank](https://lender.report/lender/frontier-bank-sd/) [multifamily record](https://lender.report/lender/frontier-bank-sd/multifamily/) | Savings | Sioux Falls, SD | 4 | 3 | 1 | 0 | 0 | 0 | 1 | | [Central Bank](https://lender.report/lender/central-bank-ia/) [multifamily record](https://lender.report/lender/central-bank-ia/multifamily/) | Bank | Storm Lake, IA | 3 | 2 | 0 | 0 | 1 | 0 | 1 | | [First Bank & Trust](https://lender.report/lender/first-bank-and-trust-sd/) [multifamily record](https://lender.report/lender/first-bank-and-trust-sd/multifamily/) | Bank | Brookings, SD | 3 | 0 | 2 | 1 | 0 | 0 | 0 | | [Dacotah Bank](https://lender.report/lender/dacotah-bank-sd/) [multifamily record](https://lender.report/lender/dacotah-bank-sd/multifamily/) | Bank | Aberdeen, SD | 3 | 3 | 0 | 0 | 0 | 0 | 3 | | [CBRE Multifamily Capital, Inc.](https://lender.report/lender/cbre-multifamily-capital-tx/) [multifamily record](https://lender.report/lender/cbre-multifamily-capital-tx/multifamily/) | Non-bank | Houston, TX | 2 | 0 | 0 | 0 | 1 | 1 | 0 | | [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) [multifamily record](https://lender.report/lender/minnwest-bank-mn/multifamily/) | Bank | Redwood Falls, MN | 2 | 1 | 0 | 0 | 0 | 1 | 0 | | [First Western Bank & Trust](https://lender.report/lender/first-western-bank-and-trust-nd/) [multifamily record](https://lender.report/lender/first-western-bank-and-trust-nd/multifamily/) | Bank | Minot, ND | 2 | 0 | 0 | 0 | 2 | 0 | 0 | | [PNC Bank, National Association](https://lender.report/lender/pnc-bank-de/) [multifamily record](https://lender.report/lender/pnc-bank-de/multifamily/) | Bank | Wilmington, DE | 2 | 0 | 0 | 1 | 0 | 1 | 0 | | [American Bank & Trust](https://lender.report/lender/american-bank-and-trust-sd/) [multifamily record](https://lender.report/lender/american-bank-and-trust-sd/multifamily/) | Bank | Sioux Falls, SD | 2 | 1 | 0 | 0 | 1 | 0 | 0 | | [Security Savings Bank](https://lender.report/lender/security-savings-bank-sd/) | Bank | Canton, SD | 2 | 2 | 0 | 0 | 0 | 0 | 1 | | [First Savings Bank](https://lender.report/lender/first-savings-bank-sd/) [multifamily record](https://lender.report/lender/first-savings-bank-sd/multifamily/) | Savings | Beresford, SD | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [Southpoint Financial Credit Union](https://lender.report/lender/southpoint-financial-credit-union-mn/) [multifamily record](https://lender.report/lender/southpoint-financial-credit-union-mn/multifamily/) | Credit union | Sleepy Eye, MN | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [Colliers Mortgage LLC](https://lender.report/lender/colliers-mortgage-mn/) [multifamily record](https://lender.report/lender/colliers-mortgage-mn/multifamily/) | Non-bank | Minneapolis, MN | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | [Arbor Realty Trust, Inc.](https://lender.report/lender/arbor-realty-trust-ny/) [multifamily record](https://lender.report/lender/arbor-realty-trust-ny/multifamily/) | Non-bank | Uniondale, NY | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | [Bank Midwest](https://lender.report/lender/bank-midwest-ia/) [multifamily record](https://lender.report/lender/bank-midwest-ia/multifamily/) | Bank | Spirit Lake, IA | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | [Northwest Bank](https://lender.report/lender/northwest-bank-ia/) [multifamily record](https://lender.report/lender/northwest-bank-ia/multifamily/) | Bank | Spencer, IA | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | [Bellwether Enterprise Real Estate Capital, LLC](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/multifamily/) | Non-bank | Cleveland, OH | 1 | 0 | 0 | 0 | 1 | 0 | 1 | | [WaterStone Bank, SSB](https://lender.report/lender/waterstone-bank-wi/) [multifamily record](https://lender.report/lender/waterstone-bank-wi/multifamily/) | Savings | Wauwatosa, WI | 1 | 0 | 0 | 0 | 1 | 0 | 0 | | [The Security National Bank of Sioux City, Iowa](https://lender.report/lender/security-national-bank-of-sioux-city-iowa-ia/) [multifamily record](https://lender.report/lender/security-national-bank-of-sioux-city-iowa-ia/multifamily/) | Bank | Sioux City, IA | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | [ReadyCap Commercial LLC](https://lender.report/lender/readycap-commercial-nj/) [multifamily record](https://lender.report/lender/readycap-commercial-nj/multifamily/) | Non-bank | Berkeley Heights, NJ | 1 | 0 | 1 | 0 | 0 | 0 | 1 | | [Plains Commerce Bank](https://lender.report/lender/plains-commerce-bank-sd/) [multifamily record](https://lender.report/lender/plains-commerce-bank-sd/multifamily/) | Bank | Sioux Falls, SD | 1 | 0 | 1 | 0 | 0 | 0 | 0 | | [First National Bank of Omaha](https://lender.report/lender/first-national-bank-of-omaha-ne/) [multifamily record](https://lender.report/lender/first-national-bank-of-omaha-ne/multifamily/) | Bank | Omaha, NE | 1 | 0 | 1 | 0 | 0 | 0 | 0 | | [Rivers Edge Bank](https://lender.report/lender/rivers-edge-bank-sd/) [multifamily record](https://lender.report/lender/rivers-edge-bank-sd/multifamily/) | Bank | Marion, SD | 1 | 0 | 1 | 0 | 0 | 0 | 0 | | [Bank of Dixon County](https://lender.report/lender/bank-of-dixon-county-ne/) | Bank | Ponca, NE | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Black Hills Credit Union](https://lender.report/lender/black-hills-credit-union-sd/) | Credit union | Rapid City, SD | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Peoples Bank](https://lender.report/lender/peoples-bank-ia-rock-valley/) [multifamily record](https://lender.report/lender/peoples-bank-ia-rock-valley/multifamily/) | Bank | Rock Valley, IA | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [multifamily record](https://lender.report/lender/bell-bank-nd/multifamily/) | Bank | Fargo, ND | 1 | 1 | 0 | 0 | 0 | 0 | 0 | HMDA, 2025 [Check a deal in Sioux Falls, SD-MN in Loan Comps](https://lender.report/comps/?lane=multifamily&metro=43620) Sizes are the amounts this site shows, rounded to 2 significant figures. A refinance counts both rate-and-term and cash-out loans. - 24 lenders made a multifamily loan under $1M in Sioux Falls, SD-MN, 17 made one from $1M to $2.5M, and 8 from $2.5M to $5M. HMDA, 2025 - 11 lenders made a loan from $5M to $10M, and 12 made one of $10M or more. HMDA, 2025 - Cornerstone Bank made the most loans of $5M or more in Sioux Falls, SD-MN, with 4. HMDA, 2025 - 18 lenders made at least one refinancing in Sioux Falls, SD-MN, and 34 made at least one purchase loan. HMDA, 2025 - 9 lenders made 5 or more loans in Sioux Falls, SD-MN, and 15 made exactly one. HMDA, 2025 - The typical loan in Sioux Falls, SD-MN was about $480K, with the middle half between $200K and $2M. HMDA, 2025 - Lenders reported a median rate of 7.68% on 115 loans in Sioux Falls, SD-MN, with the middle half between 6.75% and 8.25%. HMDA, 2025 - 31% of the loans were refinancings and 66% were purchases. HMDA, 2025 - Banks and savings institutions made 161 of the loans, credit unions 3, and non-banks 6. HMDA, 2025 - 17 of the 39 lenders are based in South Dakota. The rest are based elsewhere, most often in Iowa, Minnesota and North Dakota. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Sioux Falls, SD-MN metro area, by size **Period** 2024 and 2025 **Formula** Count, by lender, of HMDA records for multifamily dwellings placed in the metro area, split into five loan sizes of the amounts as this site shows them, for each year in which the public file holds 5 or more such loans there. **Order** Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order. **As of** 2025 **Source** [HMDA](https://ffiec.cfpb.gov/data-browser/) **Changelog** November 12, 2026: First published, with the data built on this date. ## What we don't know - Whether any of these lenders is taking new loans today. - What they charge or require beyond the rate and term that HMDA reports. - Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only. A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count. HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date. Lenders that merged or stopped filing are left out. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.